Wall Street analysts expect Malibu Boats Inc (NASDAQ:MBUU) to announce $0.71 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Malibu Boats’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.78. Malibu Boats reported earnings of $0.86 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.4%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 6th.

On average, analysts expect that Malibu Boats will report full-year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.79 to $4.16. For the next fiscal year, analysts forecast that the business will post earnings of $4.33 per share, with EPS estimates ranging from $4.20 to $4.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.13. Malibu Boats had a net margin of 9.64% and a return on equity of 42.48%. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $149.98 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year.

Several research firms have recently issued reports on MBUU. BidaskClub upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a report on Wednesday. Berenberg Bank began coverage on shares of Malibu Boats in a report on Wednesday, January 15th. They set a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. ValuEngine upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Finally, B. Riley restated a “buy” rating and set a $52.00 price objective on shares of Malibu Boats in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Malibu Boats presently has a consensus rating of “Buy” and a consensus price target of $47.57.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Malibu Boats by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,712,838 shares of the company’s stock worth $66,543,000 after buying an additional 116,219 shares during the period. Vanguard Group Inc. lifted its position in shares of Malibu Boats by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,066,089 shares of the company’s stock valued at $41,418,000 after buying an additional 19,150 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Malibu Boats by 5.7% during the 2nd quarter. Royal Bank of Canada now owns 659,075 shares of the company’s stock valued at $25,605,000 after buying an additional 35,643 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in shares of Malibu Boats by 2.8% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 651,390 shares of the company’s stock valued at $25,307,000 after buying an additional 17,600 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Malibu Boats by 1,065.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 455,758 shares of the company’s stock valued at $17,707,000 after buying an additional 416,639 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Shares of MBUU traded up $1.01 during mid-day trading on Monday, hitting $43.22. 4,034 shares of the company traded hands, compared to its average volume of 103,358. Malibu Boats has a 1-year low of $24.79 and a 1-year high of $47.95. The company has a quick ratio of 0.72, a current ratio of 1.61 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $873.45 million, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.87. The business has a 50 day moving average of $40.34 and a 200 day moving average of $34.30.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Further Reading: Differences Between Momentum Investing and Long Term Investing

Get a free copy of the Zacks research report on Malibu Boats (MBUU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.